BHP considering potential buyout offer for Anglo American, Bloomberg reports

By Thomson Reuters Apr 24, 2024 | 4:48 PM

(Reuters) -Global mining giant BHP Group is considering a potential buyout of British multinational mining company Anglo American Plc, Bloomberg News reported on Thursday, citing people with knowledge of the matter.

Deliberations are at an early stage and there is no certainty that BHP will go ahead with the potential deal according to the people, the report said.

The British mining firm had a market capitalisation of $36.71 billion as of Wednesday’s close, according to LSEG data.

BHP and Anglo American did not immediately respond to Reuters requests for comment.

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Sriraj Kalluvila)